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(Can you Please show detailed work, thank you) A project will produce revenues of $7,300 a year for three years (at t=1,2, and 3). The

(Can you Please show detailed work, thank you)

A project will produce revenues of $7,300 a year for three years (at t=1,2, and 3). The equipment needed for this project will cost $11,600 (at t=0) and will be depreciated straight line to zero over a 4 year life. There be an initial $500 invested in net working capital (NWC) at t=0. NWC will increase by $500 at both t=1 and t=2, and then be reduced to $0 at t=3. At t=3 and the equipment will be sold to local fish wholesaler for $3,600. If the tax rate is 40 percent and the required rate of return is 12 percentwhat is the NPV of the project?

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